Sri Lanka, Jan. 31 -- In light of the ongoing challenges faced at the Colombo port, Joint Chambers, along with key trade, maritime and logistics associations, proposed solutions to mitigate the impact of port congestion on the nation's economy.

They point out that due to these exporters are facing potential delays with imported inputs, missed shipping opportunities and increased processing costs, undermining their competitiveness in the global markets and foreign buyer confidence in Sri Lanka.

Reports indicate that ships are bypassing Colombo for more efficient neighbouring ports which would be a permanent shift, resulting in lost container volumes for the Colombo port and rising freight rates, along with additional costs for freight fo...